Coinbase's Exec Says Bots Are Behind Most Tokens Launched on Pump.fun and LetsBonk

New LetsBonk Platform Beats Pump.fun in Daily Revenue

LetsBonk has dealt an unexpected blow to market leader Pump.fun, doubling its daily revenue to $1.04 million. The new blockchain-based memecoin startup platform, built on Solana, has shifted the balance of power in the niche in just one day. Daily revenues of LetsBonk highlighting the revenue surge. Source: DefiLlama According to data from DeFi aggregator DefiLlama, LetsBonk, the brainchild of the BONK team, generated record revenues, leaving be…

Coinbase's exec says bots are behind most tokens launched on Pump.fun and LetsBonk

Coinbase Exec Highlights Bot Activity in Token Launches - Blockchain & Cryptocurrencies Tabloid

Conor Grogan of Coinbase reveals bot-driven token launches on Pump.fun and LetsBonk. The post Coinbase Exec Highlights Bot Activity in Token Launches appeared first on Blockchain & Cryptocurrencies Tabloid.

Coinbase exec claims bots run the show on LetsBonk and Pump.fun

The latest rush to LetsBonk and Pump.fun has once again drawn suspicions of bot activity. The rapid pace of issuing new tokens from the top 100 token creators points to automated token minting.  LetsBonk, the new hot Solana meme platform, is repeating the bot-driven model of Pump.fun. According to Conor Grogan, head of product at Coinbase, both platforms have seen high bot activity, concentrated within the top 100 wallets.  The great majority o…

Bots behind most tokens on Pump.fun and LetsBonk: Coinbase exec

Pump.fun and LetsBonk have seen thousands of memecoins launched over the past day that were generated and launched by bots, says Coinbase head of product Conor Grogan.